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Paul Sargenti

SAN RAMON, Calif.— SAFE Security announced on Oct. 25 that it has secured a subordinated debt facility with lead agent Ironwood Capital and co-investor OFS Capital Corporation, an investment that SAFE president and CEO Paul Sargenti said will allow the company to continue its strong growth for the year.

SAN RAMON, Calif.—SAFE Security, a national security company based here, recently promoted Gary Franklyn to the newly created position of senior vice president of dealer sales, where he will be responsible for all facets of dealer management including dealer sales and marketing and dealer recruitment and retention. Franklyn will be based out of Safeguard Security, SAFE’s branch office in Scottsdale, Ariz.

SAN RAMON, Calif.—SAFE Security, with a recent $25 million credit facility from Prospect Capital, is planning a number of innovations to better serve its customer base, according to Paul Sargenti, president and CEO.

SAN RAMON, Calif.—In a deal that brings it 300 employees, $1.5 million in RMR, 25,000 customers, a guard business and a central station, SAFE Security, based here, has acquired the alarm business of Safeguard Security, a super-regional that’s been family owned for more than 50 years.

SAN RAMON, Calif.—Establishing branch offices, bundling services with telecoms/cablecos, and expanded DIY offerings are three initiatives SAFE Security has in its playbook, and it has hired Gary Franklyn, formerly with Security Networks, to spearhead these effort.

The good news keeps on coming from SAFE Security. I just wrote recently how the San Ramon, Calif.-based company—celebrating its silver anniversary this year—has doubled in size. Now, SAFE has announced this week that it has acquired more than 16,000 accounts, representing $650,000 in RMR.

The new accounts are CastleRock Security residential and commercial alarm monitoring subscriber accounts.

“These accounts fit very nicely into our U.S. and Canada footprint,” Paul Sargenti, SAFE president, CEO and founder, said in a prepared statement in an Oct. 29 news release. “With this acquisition we have more than doubled our account base since 2012. We are well equipped to assimilate them and look forward to providing the highest standard in security services to these new subscribers.”

Sargenti added, “SAFE is firmly positioned as a full service alarm company and this purchase complements our other growing revenue channels.”

The company says it also is seeing strong organic growth from its dealer program, SAFE Dealer Network.

SAN RAMON, Calif.—SAFE president and CEO Paul Sargenti reports that the company has more than doubled in size within the last year and recently acquired 6,000 additional accounts from Pinnacle Security.

Well, the show and the promotion don’t end until tomorrow, but SAFE President and CEO Paul Sargenti told me on Thursday that it looks like 11 dealers have qualified so far.

That’s just one shy of the dozen dealers he was anticipating, he said. And although everything has not been finalized, Sargenti said it appears that “it’s one of our best results for a promotion.”

Sargenti said that for the dealers, the bonus was only part of the draw. “The money offer was nice but they were looking for a program that had stability and longevity,” he said.

SAFE, based in San Ramon, Calif. is one of the nation’s largest full-service security companies and does business in every state but Hawaii and also in Canada, Sargenti said. The company is growing rapidly and just completed a $130 million senior debt refinancing in late February.

At the 2GIG booth on Thursday afternoon, Ben Edstrom, CEO of Jordan, Utah-based Elite Home Security, was delighted to learn a panel he ordered from 2GIG contained a “golden ticket” worth $10,000.

“We’ve been placing some large orders,” he told me. “I guess we placed it at the right time.” The panel was shipped last week, the company said.

Edstrom plans to use the money to take a trip to Hawaii.

Lance Dean, co-founder of Carlsbad, Calif.-based 2GIG, a manufacturer of security and home automation equipment that was established in 2009 and is known for its Go!Control system, surprised Edstrom with the award at a small ceremony Thursday. Dean sounded as thrilled as the $10,000 winner.

“This is a huge milestone for us,” Dean said of the fact that now 2GIG has shipped one million panels. He said he dreamed of such success when the company began but is happy it has happened so quickly.

Nortek, the parent company of Linear, which helped development the 2GIG Go!Control product, recently announced the acquisition of 2GIG for $135 million.

SAN RAMON, Calif.—SAFE Security, a security alarm company based here, has acquired approximately 11,000 security alarm monitoring accounts from Utah-based Pinnacle Security, according to a company statement. The subscriber accounts represent $500,000 of RMR.